Independence Air Gets New Life

Uncategorized February 23 2005 0 Comments

Independence Air finally has some good news after a week of missed payments and airplane repossessions:  They have done some serious restructuring that should give them a major boost towards actually making it through the year.  Most importantly, they will return 24 regional jets and 21 turboprops, and they will put off $70 million in lease payments due this year until next year.  Plus, their CEO said that their March load factors will approach 70%, a huge jump from their sub-50% figures in January.  All-in-all, a good omen for the fledgling airline.

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